Wipro announced results for first quarter ended 30 June 2007 on 19th July

Wipro announced results for first quarter ended 30 June 2007 on 19th July

The highlights of the results are:

Total Revenue was Rs. 41.83 billion ($1.03 billion1), representing an increase of 34% over the same period last year.

Net Income was Rs. 7.1 billion ($175 million1), representing an increase of 16% over the same period last year.

Global IT Services and Products Revenue was Rs. 29.4 billion ($725 million1), representing an increase of 20% over the same period last year.

Global IT Services and Products Earnings Before Interest and Tax (EBIT) was Rs. 6.23 billion ($153 million1).

Global IT Services & Products added 39 new clients in the quarter.

Deals won during the quarter included a $130 million multi-year Total Outsourcing engagement from a utility company in Europe.

India and Asia-Pac IT Services and Products recorded a 42% growth in EBIT over the same period last year.

Revenue grew by 51%.

Consumer Care and Lighting Revenue grew 35% over the same period last year and EBIT grew 32%.

Wipro signed a definitive agreement to acquire Unza, a leading Personal Care Company based in Singapore.

Wipro won the ‘Supplier Excellence award’ from Verizon; Wipro and Cairn India partnership won the ‘FAO Research Award of Distinction’ in the Finance and Accounting space.

Wipro also bagged SAP’s ‘Pinnacle Award for Software Solution leadership and Forrester rated Wipro as Leader in Global IT Outsourcing.